Business

American Express Stock Falls 20% From December High as Expenses Climb

American Express shares trade near $310, about 20% below their December 2025 high, as rising expenses and slower earnings growth weigh on the stock.

Iran Sends US Peace Terms via Qatar as Oil Crosses $100 a Barrel

Iran's security chief says Tehran has sent Washington conditions to end the war through Qatar, including lifting the US naval blockade, as oil crosses $100

American Express Stock Falls 20% From December High as Expenses Climb

American Express shares trade near $310, about 20% below their December 2025 high, as rising expenses and slower earnings growth weigh on the stock.

US and China Hold Final Trade Talks Before Sept. 24 Trump-Xi Summit

Bessent, Greer and He Lifeng met in New York on Sunday to prepare for the September 24 Trump-Xi summit.

China Controls 90% of Rare Earths as Trump-Xi Summit Nears

China controls 90% of rare earths as Trump and Xi prepare to meet Thursday, with export restrictions hanging over the talks.

US Joins Japan in Rare Yen Intervention to Curb Volatility and Steady Asian Markets

The US bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets, Treasury Secretary Scott Bessent said, in a rare joint mov

Oil Pares Gains as Bessent Signals Hormuz Deal Could Land Within Days

Crude prices eased after US Treasury Secretary Bessent signaled a Strait of Hormuz reopening deal could come within days, emphasizing freedom of movement.

JPMorgan’s Dimon Spearheads Cross-Industry Coalition to Address Emerging AI Risks

JPMorgan CEO Jamie Dimon is spearheading a new cross-industry effort to tackle the risks posed by rapid advances in artificial intelligence.

CVS Beats Estimates and Raises Profit Forecast on Stronger Drug Revenues

CVS Health topped earnings estimates and raised its annual profit forecast on stronger drug revenues, unveiling a new Eli Lilly collaboration for Zepbound

AMD Shares Tumble Despite Earnings Beat as Investors Demand Bigger AI Payoff

AMD shares dropped about 8% in premarket trading despite beating expectations, as investors demanded bigger returns from its AI chip business.

Fiserv Shares Slide as Fintech Cuts Outlook, Warns of Possible Revenue Decline in 2026

Fiserv shares dropped after the fintech company cut its full-year outlook and warned that organic revenue growth could turn negative in 2026.

FDA Approves Moderna’s mFlusiva, the First mRNA Flu Vaccine for Older Adults

The FDA has approved mFlusiva, Moderna's mRNA-based flu shot for adults 50 and older, the first influenza vaccine built on mRNA technology.

DoorDash Stock Surges as Analyst Projects 45% Upside on Growing Order Volume

DoorDash shares jump as analyst Mark Mahaney projects 45% upside, citing growing order volume and an expanding subscriber base for the delivery platform.

Versant Raises 2026 Outlook as Platforms Business and Advertising Drive Earnings Beat

Versant Media raised its full-year 2026 guidance after a Q2 earnings beat driven by growth in its platforms segment and stronger advertising revenue.

Asian Tech Stocks Slide as SK Hynix Suffers Brief Flash Crash Amid AI Sell-Off

SK Hynix briefly plunged 30% in a flash crash as Asian tech stocks fell on a Wall Street AI sell-off, though analysts say the investment cycle holds.

Asia Tech Sell-Off Rattles Markets but Leaves AI Investment Cycle Intact, Analysts Say

Asian tech shares have dropped up to 30%, hurting Chinese fund managers who chased AI plays, but analysts say the AI investment cycle remains on track.

Investors Rotate Toward Healthcare Stocks as Technology Trade Faces Growing Turbulence

Wall Street investors are rotating toward healthcare stocks for stability as the technology trade shows signs of strain and heightened volatility.

Eli Lilly Tops Estimates and Lifts Outlook as GLP-1 Drug Sales Surge

Eli Lilly beat quarterly estimates and lifted its 2026 revenue outlook to $85-$87 billion as Mounjaro and Zepbound sales surged 48%.

Uber Issues Soft Third-Quarter Outlook While Deepening Robotaxi Investment Push

Uber posted weaker-than-expected third-quarter guidance while pledging deeper investment in robotaxi and autonomous vehicle technology as a long-term growt

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